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Cornell professor Andrew Novakovic told Jefferson County dairy farmers that US milk production has outpaced demand in recent years, but supply growth is moving closer to demand growth. He said low prices are the clearest signal of a surplus.
Narrowing the gap between supply and demand growth points to a gradual firming in milk prices, which could support dairy farm margins and feed purchasing over time.
en.edairynews.comDamián MoraisJan 21, 2019After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
